Okay let me start by saying nearly all my investments are down between 15-60% at least. I'm pretty sure 99% of my buys are currently in the RED right now. And I'm thrilled!!!
I'm all in. As I write this now, Bitcoin is down to $7830 and Ethereum is at $583. From the looks of it, from the analysis reviews I've watched and listened to, there is still substantial room to go down further. I don't care about about the funds I currently have in coins. Yes, if I was more savvy I would have entered my positions on lows and entered stops to avoid riding the train down. And I haven't done any of that. I entered in most of all my positions in late February 2018 and I did so expecting to hold onto them for an extended term. I knew about the volatility and have been gifted with this right off the bat. And no, it does not feel good to be down substantially. The few of my friends who know about my decision to invest in this space who are not invested themselves tell me how risky it is. And I will admit, there have been a few gut checks these past few weeks as the market has seemed to have more down days than up days.
Despite this, I'm so excited! I know of the substantial amount of institutional money that is likely to enter into the market. I'm a generalist in that I listen to a wide variety and number of sources. I seek multiple perspectives and seek to cast a wide net in being open minded. I like to look and listen for trends, commonalities, and the likes. When I hear so many sources describe this being like 1995 just before the internet boom, I remember that to me, there is far greater risk to sit this one out and watch it than to participate and to be wrong. I'm taking an educated risk. The risk of being wrong is far less than the risk of choosing to simply watch and to not participate.
Today Google has announced it will ban all cryptocurrency ads. Without getting political or on a soapbox, I can simply say, that doesn't surprise me at all. Blockchain technology and cryptocurrency are a significant threat to the Google's and Facebook's of the world. It is time for the user to control their own data and to be compensated fairly for the value it produces. Our data is extraordinarily valuable which is clear simply by reviewing the aforementioned company stock prices. Tell me what their product is?
I'm still learning about these sites, but there are new search engines which will incentivize us to use their browser. I don't know about you, but I'm completely on board to give these groups a chance in my web browsing activity and habits, simply because they are working to implement business models which disrupt the big centralized data companies. Check out https://www.bitclave.com/en/ and https://basicattentiontoken.org and you will see the next generation of the internet. I don't get any kickbacks with those links, I'm just too excited to not share this with anyone who is hungry enough and open enough to listening.
Back to my excitement with the market downturn, I will tell you I'm thrilled about the drop in prices, where I can add to my positions. And while I'm excited now, I'm still waiting a little bit longer. From all the analysis that I'm watching and listening to, there is substantial room for BTC to drop below $5K and for ETH to be near or below $500. There are no guarantees and I don't have a crystal ball. I'm not offering advice as each person needs to do their own research. However, there are big headwinds in the market now with the SEC coming down on the market among other things. I'm licking my chops as I get ready to add to my positions. The gift in the recent market drop is that I've learned that I need to be less impulsive and pay more attention to the ebbs and flows of the market. There may be some upward bounces in these coins, I'd actually expect such. However, the downward trend is strong enough for me to anticipate more drops before I strike. I am finding myself far more patient now than I was in late February as I was so anxious to jump in and not miss out. Now I realize that there are always pullbacks and I need to work to better position myself to buy when the market dips and not get too caught up in chasing coins as they pump. Happy investing!